Barcelona spending cap raised by €800m after sale of club assets | Barcelona

La Liga have raised Barcelona’s spending limit by €800m (£700m), lifting them out of a spending deficit after the Catalan side sold chunks of assets to repair their finances, said the Spanish league.

Barcelona received a cap of €96m last year, which was reduced in January to minus €144m – meaning the team had to find savings elsewhere to sign new players – after having accumulated debts and future debts of 1.35 billion euros, with 673 million euros. due to banks. Following their financial turnaround, the league announced on Friday that they have awarded Barcelona a €656m cap for the 2022-23 season.

To make up for losses and comply with La Liga Financial Fair Play rules, Barcelona have sold 25% of their domestic TV rights to US investment firm Sixth Street for the next 25 years in two deals. worth more than 500 million euros. The club raised a further €200m through the sale of a 49% stake in Barca Studios in two separate deals, while signing a long-term sponsorship deal with streaming giant Spotify in March.

This saw Barcelona spend over €150m on Robert Lewandowski, Raphinha and Jules Koundé, while Andreas Christensen, Franck Kessié, Hector Bellerín and Marcos Alonso all arrived on free transfers.

La Liga president Javier Tebas says Barcelona will have to keep cutting their wage bill to maintain their spending limit for next season. “Without the [sale of assets] it might not be so high next season,” he said. “They may have to cut their expenses by around 200 million euros by selling players or even [selling more] assets.”

When asked if La Liga had been too generous to meet the club’s needs, Tebas replied: “Not at all. The same rules apply to all clubs in Spain. To register Koundé, the Barcelona president had to put up a personal guarantee. Is there a risk of bankruptcy? In my opinion, I don’t think so, not at all. They have a high payroll but a lot of equity, even if… they had and [will] payroll needs to be reduced.

Real Madrid have the highest spending cap in the league at €683m, while Atlético Madrid are third behind Barcelona at €341m. La Liga’s spending limit represents the maximum amount clubs can spend on salaries, bonuses and transfer write-offs in a season.

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